Comparing median and minimum wage and looking at how the cost of living varies, we can see that the wisdom of a $15 minimum wage hike depends on location.
Using a Fat Tail to Describe Stock Market Risk
When the unexpected occurs and changes our view of stock market risk, we call it a black swan or fat tail because it is far from the mean of a bell curve.
How Your Lawn is About More Than Grass
Nothing but grass, lawns began as conspicuous consumption from the English and French aristocracy and now are a middle class manicured status symbol.
Berkeley’s Soda Tax Surprise
Because Berkeley’s sugary drink tax has had little impact on price, researchers suggest that lawmakers insufficiently considered elasticity and incidence.
Weekly Roundup: From Slow Mommy Tracks to Fast Wall Street Traders
Our weekly economics news summary included the yuan and foreign exchange, Google and branding, parental leave and incentives, and choosing your own price.
Some High Speed Trading History
Depending on how fast news travels, high speed trading can be done through homing pigeons or computers but both have created information asymmetry.
How to Find More of the American Dream
Recognizing that neighborhoods with better schools and other shared characteristics affect income mobility, anti-poverty policy can become more effective.
The Unintended Consequences of Parental Leave
Although firms and countries have family friendly policies with generous paternity and maternity leave, the impact has harmed women’s chances for promotion.
The Yuan Devaluation and the Big Mac Index
Showing the purchasing power of different currencies and under-and overvaluation, the Big Mac Index can provide an understanding of the yuan devaluation.
